Vertu delivered an upgrade in its latest AGM update just four months into its financial year. We have increased by 2022E EPS forecasts by 15.5% taking the mid-point of revised management guidance. We are maintaining our 2023-24E forecasts for now. We remain comfortable with our investment thesis.
23 Jun 2021
Vertu Motors PLC (VTU LN) - AGM – another upgrade
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Vertu Motors PLC (VTU LN) - AGM – another upgrade
Vertu Motors PLC (VTU:LON) | 67.6 0.7 1.5% | Mkt Cap: 228.4m
- Published:
23 Jun 2021 -
Author:
Rachel Birkett, CFA -
Pages:
8
Vertu delivered an upgrade in its latest AGM update just four months into its financial year. We have increased by 2022E EPS forecasts by 15.5% taking the mid-point of revised management guidance. We are maintaining our 2023-24E forecasts for now. We remain comfortable with our investment thesis.